AUD/JPY registers three-day losing streak. A confluence of 200-bar SMA, 50% Fibonacci retracement limits short-term upside. Bearish MACD, a failure to register major recovery keep sellers hopeful. AUD/JPY pulls back from the intra-day low of 73.28 to 73.66 amid Monday’s Asian session. In doing so, the quote portrays a bounce from the two-week-old rising trend line as well as 23.6% Fibonacci retracement of its January-February declines. However, the strength of the recent U-turn seems to be weak as the MACD still indicates bearish signals, which in turn pushes the sellers to look for entry below 73.28 levels. That said, 73.00 and 72.80 could be the next on the bears’ radars ahead of the monthly bottom near 72.40. On the upside, a confluence of 200-bar SMA and 50% Fibonacci retracement near 74.35 acts as the key resistance, a break of which can push the quote towards 61.8% Fibonacci retracement level of 74.80. AUD/JPY four-hour chart Trend: Bearish FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Army spokesman: Israel carries out strikes on Islamic Jihad targets in Syria and Gaza – Reuters FX Street 2 years AUD/JPY registers three-day losing streak. A confluence of 200-bar SMA, 50% Fibonacci retracement limits short-term upside. Bearish MACD, a failure to register major recovery keep sellers hopeful. AUD/JPY pulls back from the intra-day low of 73.28 to 73.66 amid Monday’s Asian session. In doing so, the quote portrays a bounce from the two-week-old rising trend line as well as 23.6% Fibonacci retracement of its January-February declines. However, the strength of the recent U-turn seems to be weak as the MACD still indicates bearish signals, which in turn pushes the sellers to look for entry below 73.28 levels. That said, 73.00… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
